25H - AGMT - AFFORDABLE HOUSING 2151 E 1ST ST

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and current years. Such statement shall descrihc what steps Developer baba taken in order to maintain the Project it) a ,aafe and Sanitary condition in accordance with applicable housing; and buildings codex and ilry property standards set forth in 24 C "FR 92.251. (3) The occupancy of "the units indicating IIIc irwo ae of each current resident and the cmTent rents charged each resident anel whether those rents ituclude . utrhticS, including reeorck that dernonMraie that the Project rutcets the rcepuircnreurts a`al'24 ('FR 92 -253 'or tcnant, anal paarfieapaant protection under the HOME Prograrrr. (4) Gencrai rnaanagcanew pQrIbriTiaance, including tenant relations and other relevant information.. (5) Records that dcrruaor:strate that the units meet the affordability requirements of'24 C FR 92.252, 50052.5 and 50053(b)(1) of the California Health and Salety Code, for tlrc required period ol" atll'ordability according to section 33:334.3 of the C°ald'o niaa Ht all:lr mid Safety C "cralet. (6) L:vialerace ol'a caarunlly paid hazard 'insurance policy it) accordance with the un cpuurenuent of suction 6 of the C'rtyil IOME Deed Of'frtast, with a loss payable endorsement naming; the C"ify as as loss prayec(s) together wvith amber apmurved lenders (as their interests astray appear), with a "Replacement Cost Fn(lorsvurvent " in amount sufficient to prevent Developer or City from becoming a czar - insurer under the ternts of the policy, but in any event in an an)ount naat Veu than '100% oflhe then fit] I replacement cost, to be determined at lca:st once anni -Mlly and subject to reasonable approval by the Executive Director- (7) Evidence of a currently paid liability insurance policy, nanlattg, the City as additional irnsuuexl and in a fonn approved by the City Attorney with coverage as dace ibed in the Loan 1g;reurrucnt, (,8') Term reports pertaining to the property every f i fib (5`r') year. (o) ) Suclr other inlhntratrrnt as may be reasonably required by the Exca utrcu Diicetor or his/her designee. b. Recor`t's sin'd Audits.. Deweloper shall maintain the follow ing, g(enc:ral prog;rana records, and make them available fear inspection by the (Ity, the State or I IUD- (t) records which demonstrate that the preluct r ms' the property stanidaad specified in 24 C FR 112.251; (2) records, flor each l ltt'u FI Assisted Unit, which a luntarrt;.vtratcs that the project meets tlrc rQqun cmeat #,w of 24 C'I "R 92.252. (3 ) records which demonstrate carmphaattce with the tenant and participant protcetions, as specified in 24 ScWon 29.253; (4) rec;ord,s which demonstrate nstrate ennupliance With the Fclaral 4 pl,ortunity 25f 2 89